EFTA01007217.pdf

From: David Mitchell. To: jeffrey E. <[email protected]> Subject: Re: Re: Date: Thu, 21 Dec 2017 21:00:48 +0000 are you around tomorrow, DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 On Dec 21, 2017, at 9:35 AM, jeffrey E. <[email protected]> wrote: his numbers are the same as my tummy. yes , i would do it. get away from it and the maniac On Thu, Dec 21, 2017 at 8:41 AM, David Mitchell •ce wrote: update below, if I can get him to $3.2 net with escalations it might work $60,000,000 x 5% DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA Begin forwarded message: From: Bruno Haid <[email protected]> Date: December 21, 2017 at 8:38:13 AM EST To: David Mitchell Cc: " Subject: Re: Morning David, thanks for following up and the patience as we had our holiday party yesterday: EFTA01007217  As mentioned we'd be looking for something where there is more flexibility in repositioning it towards extended stay, which I'm not sure the current lender structure supports. We can do 6 months deposit and underwrite taking on the occupancy risk with a $2.8-3MM net lease and some shared upside. Purchase wise it'd need to be closer per key to what Thor paid for the James in Soho + air rights (assume --$45MM). Fully understand if that doesn't work for you and agree on the decent chance to make it well through the current phase of increasing oversupply, and of course open to any ideas you might have on your end (creative solutions included, after all the main advantage of a startup.) Around for most of the day, a all the best in the meantime, Bruno Sent from a mobile device On Dec 20, 2017, at 20:18, David Mitchell < > wrote: Bruno are you sending me something tonight, Hope to see it soon, David DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01007218